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China's mobile phone shipments started to fall about one year ago, with last December registering the biggest monthly year-on-year drop of 33.2 percent.

China's innovation and entrepreneurship activities have accelerated since 2015 as the government sees them as drivers for the economy's transition.

China's exports increased 10.8 percent to reach 15.33 trillion yuan while imports surged 18.7 percent to stand at 12.46 trillion yuan in 2017.

China's natural gas use will exceed 360 billion cu m by 2020, according to the National Development and Reform Commission, the country's top economic planner.

China's gas consumption grew 15 percent in the first half of this year compared with the same period in 2017, leading to a 50 percent surge in LNG imports, pushing them to a historic high of 24 million tons in the first half of 2018.